VISA Inc. - V STOCK NEWS

Visa (NYSE: V) has expanded its Visa Installments Solution, enabling 'Buy Now, Pay Later' (BNPL) options globally with various financial partners, including Moneris and HSBC. A recent survey revealed that 42% of consumers are interested in installment financing. The solution allows financial institutions to offer BNPL features on existing credit lines, enhancing customer choice. The global rollout has started in regions like Canada, Malaysia, and Russia. Visa's collaboration with fintechs like Klarna aims to boost BNPL adoption, emphasizing the increasing demand for flexible payment methods.

Visa Inc. (NYSE: V) reported its fiscal fourth quarter and full-year 2021 financial results today. The detailed earnings release will be furnished on a Form 8-K with the SEC and is accessible via Visa's Investor Relations website. A live audio webcast will be held at 2:00 p.m. PT to discuss the results. As the leader in digital payments, Visa continues to emphasize innovation through its VisaNet processing network, capable of more than 65,000 transactions per second. For further information, visit the official website.

Visa's U.S. Spending Momentum Index (SMI) for September recorded 108.5, a decrease of 1.1 points from August, indicating continued consumer spending above last year’s levels. Discretionary spending dipped to 105.0, while non-discretionary spending fell to 99.6, signaling a slowdown, especially in the Northeast. Despite these declines, Visa's Chief Economist anticipates a rebound in consumer spending as virus concerns ease approaching the holiday season.

Visa Inc. (NYSE: V) will report its fiscal fourth quarter and full-year 2021 financial results on October 26, 2021, after market close. Results will be shared with the Securities and Exchange Commission and posted on the Visa Investor Relations website. A live audio webcast discussing the results and business highlights will take place at 2:00 p.m. PT (5:00 p.m. ET). Currently, Visa is in a ‘quiet period’ until the earnings release, ensuring no interaction with the investment community.

Visa (NYSE: V) has expanded its Visa Installments program in Australia through a partnership with ANZ and Quest Payment Systems. This initiative allows customers to utilize existing ANZ credit cards for Buy Now, Pay Later financing without additional steps during checkout. Consumers can select repayment terms from 3 to 24 months, with no interest options available.

A survey indicated high demand for BNPL services in Australia, with 90% of participants likely to use installment options from their banks. This program is set to enhance customer experience and broaden financing options.

Visa Inc. (NYSE: V) has announced plans to expand its presence in Atlanta by opening a new office in 2022. The office will support approximately 1,000 employees and feature technology and client services teams. Visa aims to invest in the local community by partnering with educational institutions to develop critical skills, supporting small businesses, and enhancing supplier diversity. The expansion reflects Visa's commitment to building a stronger local presence in areas where it operates, ultimately contributing to the economic growth of Atlanta.

Cousins Properties (NYSE: CUZ) announced that Visa (NYSE: V) has signed a long-term lease for approximately 123,000 square feet at 1200 Peachtree in Midtown Atlanta. This move is expected to generate around 1,000 new jobs in the region as Visa establishes a permanent office presence, with initial occupancy anticipated in Q4 2022. Cousins acquired the property in 2019 and plans significant renovations to enhance its appeal for multi-customer use following Norfolk Southern's move to a new headquarters.

Visa (NYSE: V) announced the promotion of Kelly Mahon Tullier to Vice Chair, Chief People and Administrative Officer, and Julie Rottenberg to Executive Vice President, General Counsel, effective October 1, 2021. Tullier will lead Visa's People organization and replace Jennifer Grant, the current Chief Human Resources Officer, who will step down at the end of the year. Rottenberg will oversee Visa’s global Legal and Compliance function. Both leaders have extensive experience and have significantly impacted Visa during their tenures.

Visa Inc. (NYSE: V) expands its benefits for U.S. Consumer Credit cardholders by partnering with Shipt, Skillshare, and Sofar Sounds. Eligible cardholders will receive free Shipt membership for same-day grocery delivery, access to Skillshare's online classes, and presale concert tickets from Sofar Sounds. Benefits vary: Visa Infinite members get up to three years of free Shipt, while all other cardholders receive varying durations of free or discounted memberships. These offerings aim to enhance user experience and value for Visa cardholders.